Official Answer Key & Detailed Solution
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Correct Answer: Option (D) — 1, 2 and 3
Concept & Option Breakdown
Standard Reference VerifiedFinancial inclusion involves ensuring access to formal financial services for vulnerable and unbanked populations.
- 1 is correct: Bank nationalisation (1969 & 1980) directed banking operations towards rural branch expansion and priority sector lending.
- 2 is correct: Regional Rural Banks (RRBs) were established in 1975-76 to provide institutional credit to rural artisans, marginal farmers, and agricultural labor.
- 3 is correct: Under the Lead Bank Scheme / Service Area Approach, specific bank branches adopted villages to extend banking and credit services systematically.
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